THE Central Bank of Nigeria (CBN) has said that it has granted 14 new International Money Transfer Operators, IMTOs Approval-in-Principle (AIP) to double foreign-currency remittance inflows through formal channels amid foreign currency crisis. Hakama Sidi Ali, CBN’s Acting Director of Corporate Communications, disclosed this in a statement on Wednesday. According …
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What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 15th May, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
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THE Central Bank of Nigeria (CBN) has designated 11 pre-shipment monitoring and evaluation agents for oil and gas exports in Nigeria. Newsextra24 reports that the appointment was announced in circular TED/FEM/PUB/FPC/OO1/014 dated May 13, 2024, by the Director of the Trade and Exchange Department at the apex bank, Dr Hassan Mahmud. The …
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What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 13th May, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
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THE Nigerian currency, the naira, continued its downward trajectory on Monday as it faced further devaluation against the US dollar in the foreign exchange market. Newsextra24 reports that data sourced from both the parallel market and the FMDQ, disclosed that the naira experienced a significant depreciation. At the parallel market, a …
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What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 12th May, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
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THE Nigerian Exchange Limited recorded a 1.36 per cent decline last week due to losses by 41 equities amid Naira depreciation woes. The All-Share Index depreciated by 1.36 per cent to 98,233.76 points, and market capitalisation shed 1.35 per cent to close the week at N55.56 trillion. PZ Cussons, Mcnichols …
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What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 9th May, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
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According to data released by the Central Bank of Nigeria (CBN), Nigeria spent a substantial $1.12 billion on servicing its foreign debts in the first quarter of 2024. This marked a significant increase of 39.7% compared to the $801.36 million spent during the same period in 2023. The data indicates …
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IN recent days, the Nigerian Naira has continued to exhibit signs of instability against the US dollar, despite various interventions by the Central Bank of Nigeria (CBN). The national currency’s fluctuations remain a concern as the CBN has implemented several policies aimed at stabilizing and strengthening the Naira in the foreign …
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